Market for pre-filled syringes is expected to account for over $3.2 Billion in revenue by the end of 2015

The Pre-Filled Syringes Market: 2015-2030-Opportunities, Challenges, Strategies & Forecasts is a new market research publication announced by Reportstack. "A pre-filled syringe is a medical syringe that comes pre-filled with a specific dosage of medication. Representing one of the fastest growing segments of the injectable drug delivery ecosystem, pre-filled syringes offer significant benefits over the traditional ‘vial and syringe’ format, by increasing dosing accuracy, safety and convenience.

In addition, pre-filled syringes also offer a variety of economic benefits to pharmaceutical companies including a reduction in drug overfill and waste, which increases the saleable yield of the API (Active Pharmaceutical Ingredient).

It is estimated that the market for pre-filled syringes will account for over $3.2 Billion in revenue by the end of 2015. Despite challenges relating to drug stability, manufacturing and competition from other drug delivery technologies, the market is poised for significant growth in the coming years. Expected to grow at a CAGR of 13% between 2015 and 2020, the market will account for nearly $6 Billion in revenue by the end of 2020.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

"Key Findings:The report has the following key findings: - It is estimated that the market for pre-filled syringes will account for over $3.2 Billion in revenue by the end of 2015. Expected to grow at a CAGR of 13% between 2015 and 2020, the market will account for nearly $6 Billion in revenue by the end of 2020 - Many pre-filled syringe manufacturers now also offer integrated automatic needle shielding or retractable needle options - While glass continues to remain the gold standard for pre-filled syringes, the proportion of plastic based pre-filled syringes is expected to increase by 5% between 2015 and 2020, due to concerns of glass breakage and plunger failure - A number of pre-filled syringe manufacturers have developed dual and multi chambered syringes, to cater for drugs that must be reconstituted at the point of delivery - Pre-filled pen systems and auto-injectors will grow at a CAGR of more than 20% over the next five years